Skip to main content

ISA 315 First-Time Implementation Guide

ISA 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement
| Guidance & Support Tools

This guide focuses on the more substantial changes that were made to International Standard on Auditing 315 (Revised 2019) and will help stakeholders understand and apply the revised standard as intended. ISA 315 (Revised 2019) is effective for audits of financial statements for periods beginning on or after December 15, 2021.

This publication does not amend or override ISA 315 (Revised 2019), the text of which alone is authoritative. Reading this publication is not a substitute for reading the standard.

Copyright © 2024 The International Federation of Accountants (IFAC). All rights reserved.